White House Defends Offer As 'Good Faith Effort' - Spokane, North Idaho News & Weather KHQ.com

White House Defends Offer As 'Good Faith Effort'

Posted: Updated:

WASHINGTON (AP) - The White House is defending President Barack Obama's proposal to set a higher threshold for tax increases than what he vowed to do during his presidential campaign.

The White House says Obama has moved halfway to meet House Speaker John Boehner on a "fiscal cliff" deal that raises $1.2 trillion in tax revenue, down from the $1.6 trillion Obama had initially requested.
    
White House spokesman Jay Carney says that offering to raise taxes on taxpayers earning more than $400,000 rather than the $200,000 he ran on demonstrates, in Carney's words, Obama's good faith effort to reach a compromise.
    
The new tax proposal is contained in a broader plan that Obama gave Boehner Monday that would cut spending further and lower cost-of-living increases for most Social Security beneficiaries.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • PHOTOS: CASH REWARD offered for information leading to the arrest of these FUGITIVES

    PHOTOS: CASH REWARD offered for information leading to the arrest of these FUGITIVES

    Thursday, August 21 2014 9:29 PM EDT2014-08-22 01:29:40 GMT
    SPOKANE, Wash. - Crime Stoppers of the Inland Northwest is offering cash rewards for any information leading to the arrest of the fugitives listed on their website as of August 21, 2014. If you recognize any of these fugitives, you are asked call 1-800-222 TIPS.>>
    SPOKANE, Wash. - Crime Stoppers of the Inland Northwest is offering cash rewards for any information leading to the arrest of the fugitives listed on their website as of August 21, 2014. If you recognize any of these fugitives, you are asked call 1-800-222 TIPS.>>
  • WATCH IT: A farmer. A trombone. An empty field. What happens next?

    WATCH IT: A farmer. A trombone. An empty field. What happens next?

    Friday, August 22 2014 1:42 PM EDT2014-08-22 17:42:29 GMT
    KHQ.COM - The video begins simply enough. A man who calls himself Farmer Derek Klingenberg walks into the frame with a trombone, looks at the camera, gives a "shhhhh" sign, and then sits down in a lawn chair and begins to play a cover version of Lorde's "Royals." >>
    KHQ.COM - The video begins simply enough. A man who calls himself Farmer Derek Klingenberg walks into the frame with a trombone, looks at the camera, gives a "shhhhh" sign, and then sits down in a lawn chair and begins to play a cover version of Lorde's "Royals." What happens next? An audience quickly forms. Check it out.>>
  • Woman attacked in parking lot of Kootenai County Fairgrounds

    Woman attacked in parking lot of Kootenai County Fairgrounds

    Friday, August 22 2014 2:23 PM EDT2014-08-22 18:23:37 GMT
    KOOTENAI COUNTY, Idaho - The Kootenai County Sheriff's Office is investigating an attempted rape that occurred Thursday night in the parking lot of the Kootenai County Fairgrounds. >>
    KOOTENAI COUNTY, Idaho - The Kootenai County Sheriff's Office is investigating an attempted rape that occurred Thursday night in the parking lot of the Kootenai County Fairgrounds. Deputies say the 26-year-old woman told them she had just finished working at the fair at around 8:00pm and was walking to her car when two men attacked her from behind and took her to the ground. >>